ACQUISITION (Tables)

3 Months Ended

Sep. 26, 2015

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price paid for Ayrshire and the fair value of the assets acquired and liabilities assumed as of the date of acquisition (in thousands):

	Estimated Fair Values
	At September 3, 2014
Purchase price paid	$	48,010
Cash acquired	(46		)
Purchase price, net of cash received	$	47,964
Cash	$	46
Accounts Receivable	21,211
Inventories	21,772
Deferred Tax Asset	1,308
Other Current Assets	1,013
Fixed Assets	7,823
Favorable Leases	2,941
Customer Relationships	2,833
Non-Compete Agreements	196
Goodwill	8,217
Other Assets	42
Accounts Payable	(11,070		)
Accrued Salaries and Wages	(2,188		)
Other Current Liabilities	(2,408		)
Deferred Tax Liability	(3,726		)
Fair Value of Assets Acquired	$	48,010

Business Acquisition, Pro Forma Information

Pro forma condensed consolidated financial information for the three months ended September 26, 2015 and September 27, 2014 (in thousands):

	Three Months Ended
	(unaudited)
	September 26, 2015		September 27, 2014
Net sales	$	126,209	$	109,821
Net income (loss)	$	817	$	(905	)